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Enron Mail |
Thanks, John. Couple of things.
First, I was involved with the analysis in point number one (i.e., if California had bought at 5 cents.....), but would be happy to discuss with those who worked on it. Second, we've just about go the numbers scrubbed for #2 (working with Comnes and Tribolet on that analysis). Key to the "back up" on point number two will be internal sign off on releasing information that uses our curves as the benchmark in the mark to market assessment. I'm checking with Steve Kean on that and will get back to you ASAP. Best, Jeff John Shelk 06/26/2001 09:14 AM To: Jeff Dasovich/NA/Enron@Enron, Alan Comnes/Enron@EnronXGate cc: Linda Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Carin Nersesian/NA/Enron@Enron, Pat Shortridge/Corp/Enron@Enron Subject: Follow Up On California Information Just following up on the Monday conference call discussion yesterday with Rick and others about nailing down the numbers and documentation so we can feed the Hill information on the mistakes Governor Davis made last year and this year on power supply contracts. As I understand it, there are two aspects of this: 1. The offer of Enron and others last year to sell power to California utilities for 5 cents per kw. Failure to accept these offers resulted in higher power costs in the range of $15 billion, as I recall from yesterday's call. 2. The long term contracts that California signed this year after taking actions and making statements that drove up the forward price curves are now under water to the tune of $20 billion. On both counts we will be pressed for assumptions and documentation to pursue these arguments, which parallel the comments made by senior management in Capitol Hill meeting last week. We will work on back up on this end, but we would greatly appreciate your assistance in this regard as well. With Congress out of session starting COB on Thursday, we will need information pulled together by tomorrow COB to get the final product in the hands of congressional types and others who can use it on a timely basis. Thanks.
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